There is no prohibition/restriction under the Companies Act, 2013 for receiving the subscription money in cash (i.e., not through account payee cheque or other banking channel).
However, the company and/or subscriber(s) has(ve) to comply with the provisions of the Income Tax Act, 1961 with regard to cash transaction.
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receiving
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companies
prohibitionrestriction
Dear members, whelther Nominee directors sharing information to their bank or financial institution for legitimate purpose, will it be covered as communication of UPSI?
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trading
insider
prohibition
sebi
Does the requirement of maintenance of structured digital database apply on Listed Companies only?
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trading
insider
prohibition
Whether the requirement of compliance with the Code of Conduct would be applicable on trading done by a Portfolio Manager on behalf of a Designated Person?
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prohibition
What is the scope of Prohibition of Benami Property Transactions Act, 1988?
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benami
prohibition
Dear All If any person, who have done some transactions before 2016, and now after coming this act into force, those transactions became Benami. My question is whether this Benami Act is applicable to those transactions happened before 2016 and, if Yes then, what will be the Consequences and Effects of this act on those Transactions (Penalty/Fine/Imprisonment). Whether there is any exemption available to Assessee???
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